Punjab Cabinet approves implementation of old pension scheme
Darpan News Desk IANS, 18 Nov, 2022 02:07 PM
Chandigarh, Nov 18 (IANS) Eyeing Gujarat elections, the Bhagwant Mann-led AAP government on Friday approved the notification for implementing the old pension scheme (OPS) in Punjab, directly benefitting more than 1.75 lakh government employees.
A decision to this effect was taken in the meeting of the council of Ministers held under the leadership of the Chief Minister here.
Disclosing this here today, a spokesperson for the Chief Minister's Office said the government has approved the OPS for its employees currently covered under New Pension Scheme (NPS), fulfilling a long-pending demand of employees of the state.
This will directly benefit more than 1.75 lakh employees currently covered under NPS. In addition to this, 1.26 lakh employees are already covered under the existing OPS.
The scheme is aimed at safeguarding the future of government employees and recognising their contribution towards the state. In order to ensure that the scheme being introduced is financially sustainable for the exchequer in the future also, the government will be contributing proactively towards creation of a pension corpus which will service the pension in future to the beneficiaries of the scheme.
This contribution towards the pension corpus will be Rs 1,000 crore per annum initially and will gradually increase in future.
Besides, the current accumulated corpus with NPS is Rs 16,746 crore for which the state will request Pension Fund Regulatory and Development Authority of the government of India to refund this amount for effective utilisation at its end.
A spokesperson for the Chief Minister's Office said the move is aimed at sprucing up the health and education infrastructure of Punjab by replicating the Delhi model in both these core sectors.
After launching the web-portal amidst presence of DIG (Cyber Crime) Nilambari Jagdale and DSP Samarpal Singh, the DGP congratulated the entire team for developing this user-friendly portal, which could be easily accessed by anyone to report cyber frauds.
A division bench of Acting Chief Justice Vipin Sanghi and Justice Navin Chawla noted that the interim status report filed by the Delhi Police shows that the police force failed to prevent miscreants from reaching the residence of the Chief Minister and vandalising the area.
In a record, the Punjab Government said it cleared payments of Rs 13,000 crore of farmers for procurement of wheat till Monday, state Food and Civil Supplies Minister Lal Chand Kataruchak said. He said this was the highest payment in the past decade.
The victims, both from West Bengal, were rushed to the SMHS hospital in Srinagar, where the condition of one is stated to be critical while the other is stable.
A case in this connection was registered against Ranjit Gogoi, the then Director of Information and Public Relation, Assam, and different private companies, for alleged misappropriation of the state government's money. The ED had initiated a money laundering investigation on the basis of CM's Vigilance Cell FIR lodged in 2017 against the accused.
